Less than nine months after the launch of Dow Schofield Watt Angels, the new northern angel network has received moe than 200 applications from would-be investors looking to join.

Daresbury-based Dow Schofield Watts says the response shows the strong interest in angel investing among entrepreneurs, professionals and high-net-worth individuals in the region, and the way technology is opening up new investment opportunities.

The network currently has around 100 angel members, with the remaining applications being processed.

Launched in June last year by advisory firm Dow Schofield Watts, the network brings together potential investors with promising northern technology businesses.

Angels are offered pre-screened investment opportunities and can choose whether or not to participate in any funding round.

Its first deal – a £500,000 investment in Warrington-based software company Avanite – completed last month and was backed by 30 angels.